KUALA LUMPUR (May 10): theedgemarkets.com has highlighted eight stocks with momentum at afternoon market close today. All eight stocks displayed negative momentum.

The stocks with negative momentum were

Eonmetall Group Bhd down 1 sen to 43 sen

Mycron Steel Bhd down 1 sen to 54 sen

Acoustech Bhd down 1 sen to 78.5 sen

MAA Group Bhd down 1 sen to RM1.15

Tomypak Holdings Bhd up 2 sen to RM2.58

M3 Technologies (Asia) Bhd unchanged at 20.5 sen

Kerjaya Prospek Group Bhd unchanged at RM1.95

Johan Holdings Bhd unchanged at 14sen 

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)